Clear Title Agency of Arizona

Mesa, AZ

Single-Family Homes

Where Quality Finds a Home |cleartitleaz.com | 480.278.8484



Mesa, AZ

Sun Jan 29 2023
This week the median list price for Mesa, AZ is $490,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased to 807. Click here to stay informed with the Mesa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Mesa, AZ

Sun Jan 29 2023
This week the median list price for Mesa, AZ is $490,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased to 807. Click here to stay informed with the Mesa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Mesa market.
Median List Price $490,000
Median Price of New Listings $497,000
Per Square Foot $265
Average Days on Market 91
Median Days on Market 77
Price Decreased 62%
Price Increased 4%
Relisted 7%
Inventory 807
Median Rent
Market Action 40
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$764,900 2,969 0.25 - 0.5 acre 4 3 20 22 30 84
$539,950 2,092 6,500 - 8,000 sqft 3 2 24 31 29 70
$450,000 1,727 6,500 - 8,000 sqft 3 2 33 24 37 70
$369,825 1,399 6,500 - 8,000 sqft 3 2 44 23 36 84